If you hadn't heard, Intel actually unveiled a new smartphone chip at CES. It's just not a particularly exciting one. Lexington, as its known, will be marketed primarily in emerging parts of the world - think Southeast Asia and Africa - in handsets that will probably closely mimic the reference design you see below in the hands-on video.
I'll admit - there's not a whole lot to this thing. It has a tiny 3.7" screen, isn't particularly thin (actually, it's pretty thick), and feels cheap. But this is Intel's play in the budget market, and on the whole, I feel like they could do very well with it.